DBE/ACDBE Participation in Joint Ventures - Metropolitan ...

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What does Part 23 say about JVs as an option • Businesses must make good faith efforts to explore all available options to meet goals, including joint ventures and franchises. • Sometimes a JV scenario may be difficult to implement, while other times , it may represent the best opportunity for implementing a workable arrangement. • The initial determination by the airport as to the best form of business structure may reduce difficulties in counting ACDBE participation. Joint Venture Guidance November 13, 2009 Federal Aviation Administration
What is a joint venture • An association of an ACDBE firm and one or more other firms • to carry out a single, for-profit business enterprise • for which the parties combine their property, capital, efforts, skills and knowledge • and in which the ACDBE is responsible for a distinct, clearly defined portion of the work of the contract • and whose shares in the capital contribution, control, management, risks, and profits of the JV are commensurate with its ownership interest Joint Venture Guidance November 13, 2009 Federal Aviation Administration
Page 1 and 2: DBE/ACDBE Participation in Joint Ve
Page 3 and 4: DBE Participation in Airport Conces
Page 7 and 8: • At about the same time (early 8
Page 9 and 10: Why JVs • Why were joint ventures
Page 12: • The entry of developers put add
Page 16 and 17: ACDBE Participation • ACDBE parti
Page 18 and 19: Subleases • Frequently, airports
Page 20 and 21: JVs v. Subleases/Direct Contracts -
Page 22 and 23: What is the purpose of the JV Guida
Page 24 and 25: LA Times - November 18, 1989 • El
Page 26 and 27: • Introduction OIG Report June 11
Page 28 and 29: The Miami Herald - January 14, 2004
Page 30 and 31: • Airport Connections Philadelphi
Page 32 and 33: 31 Keep Keep your your company comp
Page 34 and 35: Introduction & Structure • This p
Page 38 and 39: Components of a JV agreement • Im
Page 40 and 41: Combine their property, capital, ef
Page 42 and 43: Commensurate • What does “whose
Page 44 and 45: Loans of capital from the non-ACDBE
Page 46 and 47: Are service and management fees acc
Page 48 and 49: How can the value of the ACDBE role
Page 50 and 51: What if the level of participation
Page 52 and 53: What is included in the airport’s
Page 54 and 55: Can a JV be certified as an ACDBE
Page 56 and 57: Dissolution if ACDBE becomes inelig
Page 58 and 59: Questions Joint Venture Guidance No
Page 60 and 61: DBE/ACDBE JV Agreements ACC, Inc. N
Page 62 and 63: Basic Elements • Most joint ventu
Page 64 and 65: Part I - General Information • Re
Page 66 and 67: • Ownership Interests - Establish
Page 68 and 69: Part III - Capital Contributions
Page 70 and 71: • Representations and covenants -
Page 72 and 73: Ownership • Ownership Interests i
Page 74 and 75: • In the event that ACDBE is unab
Page 76 and 77: Management • Overall Management.
Page 78 and 79: Distribution of Profits The Managem
Page 80 and 81: Red Flag Items • Management Fees
Page 82 and 83: • Assist with developing the annu
Page 84 and 85: Reviewing your role • Carefully r
Page 86 and 87:
“Assist with” or “Participate
Page 88 and 89:
Is easier, but… • Make sure tha
Page 90 and 91:
Example 1 • The ACDBE ownership o
Page 92 and 93:
Example 1 - continued • Now, let
Page 94 and 95:
Example 2 • A JV between a non-AC
Page 96 and 97:
Example 2 - continued • In order
Page 98 and 99:
Example 3 - continued • The follo
Page 100 and 101:
JVs can provide an opportunity, but
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DBE/ACDBE Participation in Joint Ventures - Metropolitan ...

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